Ola Electric pulls Rs 780 Cr QIP, 56% oversubscribed as market share claws back to 8.88%
EV two-wheeler maker raised Rs 780 Cr via QIP against Rs 500 Cr target, allotting 21.76 Cr shares at Rs 35.86 to Goldman Sachs, BNP Climate Fund, and four domestic MFs. Capital infusion lands as May 2026 market share recovers to 8.88% and 15,139 units, despite Q4 FY26 revenue falling 56% YoY to Rs 265 Cr with Rs 500 Cr loss.
Ola Electric raised Rs 780 crore via QIP, oversubscribed 56% versus Rs 500 crore target, allotting shares at Rs 35.86 to global and domestic institutional investors. Capital raise comes as EV two-wheeler maker shows recovery, with May 2026 market share rebounding to 8.88%.
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